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Trade-based money laundering — hidden in plain sight

Trade-based money laundering is one of the most effective means to launder and move criminal proceeds; it represents a tremendous reputational, financial and compliance risk to financial institutions. Findings have suggested that a staggering 80% of illicit financial flows from developing countries are made through trade-based money laundering.

This article takes a look at the methodology and the measures that organizations can take to limit exposure to this risk.